Tessa Lee Libby Treatment Center
Tessa Lee Libby Treatment Center faces severe financial challenges with an $862,875 deficit in 2023 and rapidly declining assets.
EIN: 10540911 · Washington, ME · NTEE: F30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| Net Assets | $682K |
| Transparency Score | 55/100 |
Is Tessa Lee Libby Treatment Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tessa Lee Libby Treatment Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tessa Lee Libby Treatment Center
Tessa Lee Libby Treatment Center (EIN: 10540911) is a nonprofit organization based in Washington, ME, classified under NTEE code F30. The organization reported total revenue of $26K and total assets of $529K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tessa Lee Libby Treatment Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tessa Lee Libby Treatment Center is a micro nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-862,875 |
| Total Assets | $696K |
| Total Liabilities | $14K |
| Net Assets | $682K |
| Operating Margin | -305.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2023, Tessa Lee Libby Treatment Center reported a deficit of $863K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tessa Lee Libby Treatment Center's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -78.3% | -13.7% | -58.5% |
| 2022 | +6.9% | +6.5% | -43.3% |
| 2021 | -0.7% | +6.9% | -0.6% |
| 2020 | -4.2% | -1.2% | +5.2% |
| 2019 | +3.1% | +4.0% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tessa Lee Libby Treatment Center with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Tessa Lee Libby Treatment Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $863K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Tessa Lee Libby Treatment Center's IRS 990 filings:
- Significant operating deficit in the latest fiscal year ($862,875 in 2023).
- Rapid and substantial decline in total assets (from $2.9M in 2021 to $695,819 in 2023).
- Dramatic decrease in revenue in the most recent filing period (from $1.3M in 2022 to $282,801 in 2023).
- Expenses significantly outpaced revenue in 2023, indicating potential financial instability.
Strengths
The following positive indicators were identified for Tessa Lee Libby Treatment Center:
- Consistent reporting of 0% officer compensation across all available filings, indicating strong commitment to mission-focused spending.
- Historically maintained revenues above $1M for many years prior to 2023.
Frequently Asked Questions about Tessa Lee Libby Treatment Center
Is Tessa Lee Libby Treatment Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Tessa Lee Libby Treatment Center (EIN: 10540911) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Tessa Lee Libby Treatment Center spend its money?
Tessa Lee Libby Treatment Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tessa Lee Libby Treatment Center tax-deductible?
Tessa Lee Libby Treatment Center is registered as a tax-exempt nonprofit (EIN: 10540911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tessa Lee Libby Treatment Center's spending goes to programs?
Tessa Lee Libby Treatment Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tessa Lee Libby Treatment Center compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Tessa Lee Libby Treatment Center is near average for NTEE category F30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tessa Lee Libby Treatment Center located?
Tessa Lee Libby Treatment Center is headquartered in Washington, Maine and files with the IRS under EIN 10540911. It is classified under NTEE code F30.
How many years of IRS 990 filings does Tessa Lee Libby Treatment Center have?
Tessa Lee Libby Treatment Center has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $26K in total revenue.
What caused the dramatic drop in revenue from $1.3M in 2022 to $282,801 in 2023?
The IRS 990 data shows a precipitous decline in revenue in the 2023 period, which is a critical factor impacting the organization's financial health. Understanding the underlying reasons, such as loss of grants, changes in funding models, or decreased service demand, is essential.
How does the organization plan to address the $862,875 deficit reported in 2023?
The significant deficit in 2023, where expenses ($1,145,676) far exceeded revenue ($282,801), raises concerns about the organization's financial sustainability. A clear plan for deficit reduction and financial recovery is necessary.
What is the current status of the organization's assets, given the decline from $2.9M in 2021 to $695,819 in 2023?
The rapid depletion of assets suggests the organization may be liquidating reserves to cover operational costs. This trend is unsustainable and warrants an explanation of asset management strategies.
What percentage of total expenses is allocated to program services versus administrative and fundraising costs?
While specific breakdowns aren't provided in the summary, understanding the program efficiency ratio is crucial. Given the financial strain, ensuring a high percentage of spending goes directly to programs is vital for donor confidence.
Filing History
IRS 990 filing history for Tessa Lee Libby Treatment Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tessa Lee Libby Treatment Center's revenue has declined by 76.7%, moving from $1.2M to $283K. Total assets decreased by 71.9% over the same period, from $2.5M to $696K. Total functional expenses rose by 2.7%, from $1.1M to $1.1M. In its most recent filing year (2023), Tessa Lee Libby Treatment Center reported a deficit of $863K, with expenses exceeding revenue. The organization holds $14K in liabilities against $696K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $682K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $1.1M | $696K | $14K | — | — |
| 2022 | $1.3M | $1.3M | $1.7M | $133K | — | View 990 |
| 2021 | $1.2M | $1.2M | $3.0M | $1.4M | — | View 990 |
| 2020 | $1.2M | $1.2M | $3.0M | $1.4M | — | View 990 |
| 2019 | $1.3M | $1.2M | $2.8M | $1.4M | — | View 990 |
| 2018 | $1.2M | $1.1M | $2.7M | $1.4M | — | View 990 |
| 2017 | $1.2M | $1.1M | $2.7M | $1.5M | — | — |
| 2016 | $1.1M | $1.1M | $2.6M | $1.5M | — | View 990 |
| 2015 | $1.2M | $1.0M | $2.6M | $1.6M | — | View 990 |
| 2014 | $1.1M | $1.1M | $2.6M | $1.8M | — | View 990 |
| 2013 | $1.1M | $1.1M | $2.5M | $1.8M | — | View 990 |
| 2012 | $1.2M | $1.1M | $2.6M | $1.7M | — | View 990 |
| 2011 | $1.2M | $1.1M | $2.5M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $1.1M, and assets of $696K (revenue -78.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $1.7M (revenue +6.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $3.0M (revenue -0.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $3.0M (revenue -4.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $2.8M (revenue +3.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $2.7M (revenue +5.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $2.7M (revenue +2.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $2.6M (revenue -1.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.0M, and assets of $2.6M (revenue +1.7% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $2.6M (revenue -0.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $2.5M (revenue -2.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $2.6M (revenue -3.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tessa Lee Libby Treatment Center:
Data Sources and Methodology
This transparency report for Tessa Lee Libby Treatment Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.